Managers from the public and the private sector with a minimum 5-year experience in technical or functional positions in the upstream Oil & Gas sector, having to deal with unitization cases or projects.

Level

Proficiency

To provide the participants with a comprehensive overview of the various parameters at stake in an oil field unitization project using real-case examples, in order for them to be able to take part in negotiations for oil field unitization contracts.

Learning Objectives

Upon completing the course, participants will be able to:

explain the various factors at stake in the case of an unitization project, both on a national perspective (cross permit) and a transnational perspective (cross country),

have a critical approach to the main provisions at stake in a unitization contract,

choose the best suitable type of contract,

take part in a negotiation team for unitization.

Course Content

INTRODUCTION

0.25 day

Context - Stakes.

Overview of current unitized oil developments.

RESERVES DEVELOPMENT UNDER AN UNITIZATION PROJECT

0.25 day

Principles.

Stakes and key factors.

Consequences in terms of development schemes.

UNITIZATION IMPLICATIONS

0.5 day

Political aspects.

Contractual aspects.

Economic aspects.

Fiscal aspects.

STRUCTURE OF AN UNITIZATION CONTRACT

1 day

Main provisions.

Cross country case:

The boundary question.

Various types of contracts: unitization, commercial agreement, joint development area.